Comparing Three Depreciotion Methods Dexter industres purchased packaging equipment on January 8 for $345,400. The equipment was expected to have a useful nife of four years, or 8,800 opereting hours, and a rescual value of $28,600. The equpment was used for 3,080 hours durng Year 1 , 1,848 hours in Year 2,2,464 hours in Year 3 , and 1.406 hours in Yeor 4. Requiredt 1. Determine the amount of depreciation expense for the four years ending December 31 by (a) the straight-line mathod, (b) the units-of-activity method, ond (c) the dowp-edecining-barance mothod. Also determine the tokal depreciation expense for the four years by each method. Round the answer for each vear to the nearest whole dollar. 2. What method yelds the nighest depreciation expense for Yeer 1 ? 3. What method yleles the most depreciation over the four-year life of the-equipment